NELFUND Student Loans in 2026: A Genuine Hope or a Looming Debt Trap for Nigerian Graduates?
AN EXPLAINER Student Loan Schemes: Hope or Trap? The Nigerian Education Loan Fund (NELFUND), established under the 2024 Student Loans Act, stands as one of the most significant education financing reforms in recent Nigerian history. As of April 2026, the scheme has disbursed over ₦206 billion to more than 1.16 million beneficiaries, with ongoing tranches […]
